Carlton, MT
Population 497 · Montana
About Carlton, MT
Carlton is a small community located in Montana with a population of 497 residents according to the latest US Census Bureau American Community Survey data. The median household income is $81,648 per year, which is 9% above the national median of $75,149. The median age of 61.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Carlton features a median home value of $626,400, which is 156% above the national median of $244,900. This places Carlton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 279 total housing units, 100% are owner-occupied (215 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Carlton shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.7%, above the national average of 12.4%. Workers in Carlton have an average one-way commute time of 30.7 minutes.
Education & Demographics
27.9% of Carlton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 7.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 7.8% of the population being foreign-born.
Cost of Living in Carlton, MT
Compared to national averages, Carlton has a median household income of $81,648 (9% above the national median of $75,149). Home values average $626,400, which is 156% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Carlton's income is 24% above the state average of $65,821, and home values are 117% above the state median of $288,703.
Why Live in Carlton, MT?
Carlton offers a strong local economy with a median household income of $81,648, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include a competitive housing market where the typical home costs $626,400. However, Carlton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Carlton has a population of 497 with a median age of 61.5 years. Compare Carlton with other cities to see how it stacks up, or explore all cities in Montana.
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Demographics
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Economy & Education
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Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Carlton
What is the population of Carlton, MT?
The population of Carlton, MT is 497 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Carlton?
The median household income in Carlton, MT is $81,648 per year, which is 9% above the national median of $75,149.
What is the median home value in Carlton?
The median home value in Carlton, MT is $626,400, which is 156% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Carlton?
The median monthly rent in Carlton, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Carlton?
The unemployment rate in Carlton, MT is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Carlton, MT a good place to live?
Carlton offers above-average incomes, a competitive housing market, and a strong job market. With a population of 497 and a median age of 61.5, the city appeals to established professionals and retirees.
How educated is Carlton, MT?
27.9% of residents in Carlton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Carlton?
Key cost-of-living indicators for Carlton, MT: median home value is $626,400 (156% above national), median rent is $0/month, and median household income is $81,648. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Carlton?
The poverty rate in Carlton, MT is 14.7%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Carlton, MT?
Carlton's population is 0.0% White, 7.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 7.8% of residents are foreign-born.